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How do I reclaim Canadian Tax paid as a UK citizen?

Can a UK non-tax payer reclaim tax paid on interest on cash in a stocks & shares ISA?

  • Could this tax be avoided by registering for gross interest as is possible with ordinary bank and building society accounts?

  • Answer:

    no

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A non-Uk resident wouldnt be eligible to hold an ISA as they are tax free. A non-resident wouldn't have the personal tax free allowance to set against the interest, therefore it is taxable on that person.

fengirl2

ISAs are tax free

Gem*

Two things: 1. as a non tax payer you should have registered as such when opening the account. If you didn't neither the bank nor the Revenue will give it back. Unfair I know but what can you do. 2. If it's an ISA it's tax free anyway unless you put more in during the year than you were allowed to. And again, you just have to swallow it.

spook542

No, the whole point of ISAs is that they are tax free. If you're not a taxpayer perhaps you shouldn't be investing in ISAs anyway.

Ellis

You shouldn't be paying ANY interest on funds held in an ISA, that's the point of them.

DF

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